DETROIT, March 18, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to announce today the Company has signed an Agreement with Barnices y Resinas SA de CV ("Resinas BYR") for the manufacturing and distribution of the Company's NC2012, a proprietary nano thermal insulation paint coating.

Resinas BYR is now an Authorized Manufacturer for the nano paint and coatings and will provide manufacturing, labelling / packaging, and order fulfillment on behalf of Nano Labs. BYR is located in Mexico City and is a ISO certified manufacturing facility with a production capacity of 394,000 gallons per month.

Both Companies cordially invite all interested parties to contact bizdev@nanolabs.us for samples and sales inquiries.

Mr. Bernardo Chavarria, President of Nano Labs states, "We welcome all inquires internationally, particularly from paint suppliers, distributors and service providers for customers in hotter climates, where they do not have access to energy for air conditioning and can use our nano paint on rooftops and exterior walls to dramatically decrease indoor temperatures. Our nano coating isolates temperatures outside of houses and buildings, providing pleasant indoor temperatures. Our studies show the potential to reduce air-conditioning related costs by as much as 50%, and we are confident this will present a strong commercial driver for testing and acceptance of our paint in the global markets. Obviously we are very excited about our future prospects a milestone for our Company as we enter the market with our unique product which we expect to generate revenues in Q2 2013."

About Nano Labs' NC2012 Nano Paint

NC2012 is an insulating paint coating nanotechnology highlighted by its very low thermal conductivity. NC2012 reduces transmission of temperatures through the coated elements. It has a coefficient of thermal conductivity of K = 0,059 BTU / HR., which ensures coverage of a temperature spread of up to 18 * Celsius, depending on the material to which the coating is applied. Even under the most extreme sunlight conditions, the coating can create a comfortable living environment.

Further to the Company's press release of February 1, 2103, Nano Labs' retains all intellectual property pending patents, registered designs, logos, trademarks, general information, data, concepts, ideas, methods, processes, techniques, formulas, know-how, experiences, trade secrets and improvements relating to research, development and manufacturing activities which are devised, developed or acquired by Nano Labs' and disclosed to Resinas BYR. The Agreement has a definite term of five (5) years at which time the Agreement will terminate unless extended in writing by both parties.

About Nano Labs

Nano Labs Corp. (CTLE) is a nanotechnology company which began during October 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. The Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use and integration of proprietary nano compounds, our goal is to evolve common products into new, revolutionary products in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit www.NanoLabs.us.

This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.